04
Feb
00:00
Baosteel launches new online platform
Eastern China’s Baosteel says it is establishing a new Yuan 2 billion ($330 million) e-commerce division to trade steel, part of a significant investment in a growing sector in Chinese steel trade. Its shares surged on the news, which lent support to predictions that online sales could account for a significant amount of revenue in the near future, Kallanish notes.
The new unit will be 49% owned by Baosteel Group, 42.33% by Baosteel International and t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous